Funding you earn now, next payment 08:00 UTC−0.0135%/8h= −14.8% APRnext payment −$1.35 per $10,000 · paid last 24h −0.030%
Price spread now: KuCoin against BloFin−0.291%50s7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.016% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.291%, 7d avg −0.086%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.205% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.086%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEOPLE-USDT | 0.009279 | 0.0111 | pay 0.0111% / 8h | 4h 34m | $355K | $99K | 50x |
| Short | KuCoin PEOPLEUSDTM | 0.009252 | −0.0024 | pay 0.0024% / 8h | 4h 34m | $658K | $151K | 50x |
BloFin PEOPLE-USDT
KuCoin PEOPLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$28.34
- Price spread: −0.291% → −0.086%
- −$20.46
- Slippage, 4 orders
- −$77.61
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$150.41
- Costs to cover
- 1.016%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 58 min ago; KuCoin: live order book, 49 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 58 min ago | 2.14 bp | 14.6 bp −$15 | 39.1 bp −$391 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 49 min ago | 13.48 bp | 33.7 bp −$34 | 1092.3 bp −$10.9K | doesn't fit | doesn't fit |
PEOPLE on 15 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEOPLEUSD | −0.0883% | 1h | 0.009274 | −0.055% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0219% | 8h | 0.009253 | −0.280% | $738K | $1.5M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0024% | 8h | 0.009214 | −0.702% | $6K | $2K | — | as long as short |
| KuCoin PEOPLEUSDTMshort | −0.0024% | 8h | 0.009252 | −0.291% | $658K | $151K | 50x | |
| Bybit PEOPLEUSDT | +0.0050% | 8h | 0.009257 | −0.237% | $1.7M | $2.4M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0084% | 8h | 0.009267 | −0.129% | $690K | $300K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0084% | 8h | 0.009265 | −0.151% | $3.3M | $8.8M | 20x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009268 | −0.119% | $428K | $226K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009255 | −0.261% | $10K | $80K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009263 | −0.168% | $5.7M | $16.6M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
Bybit PEOPLEUSDT
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009261 | −0.194% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009264 | −0.162% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009270 | −0.097% | $44K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009247 | −0.349% | $185 | — | 5x | as long as short |
| BloFin PEOPLE-USDTlong | +0.0111% | 8h | 0.009279 | long leg | $355K | $99K | 50x |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD